Ukraine's Economy Ministry expects over US$3 bln in foreign investment in 2020

Ukraine's Ministry of Economic Development, Trade and Agriculture expects that foreign investment in 2020 will amount to US$3 billion – US$3.5 billion.

Deputy Minister of Economic Development, Trade and Agriculture Sergey Nikolaychuk announced such figures when presenting the government's strategy for economic growth of Ukraine.

Read alsoUkraine's economy minister presents economic growth strategy

"We have two scenarios that were approved in October, we are now working on their updating. If we are talking about the base-case scenario, this is an increase in foreign investment to US$3-3.5 billion. In our best-case scenario, we would like to bring it up to US$5 billion. In addition to foreign investors, we rely on domestic investors," he said.

As UNIAN reported earlier, the Cabinet of Ministers set itself the task of ensuring a 40% increase in Ukraine's GDP in the next five years. To do this, it is necessary to raise about US$50 billion in investment.